1. Guidance on procedures to switch to using new electronic invoices according to Circular 78/2021 and Decree 123/2020
2. Instructions of Hanoi Tax Department on issuing invoices when customers buy vouchers
3. Hanoi Tax Department has Official Dispatch 48921/CTHN-TTHT guiding personal income tax policy on payment for temporary residence card and visa costs for employees:
“- In case the expenses for making and extending temporary residence cards and visas for foreign employees paid by the Company so that the foreign employees are qualified to work at the Company in Vietnam are the responsibility of the employer, these expenses shall not be included in the taxable income from salaries and wages of foreigners.
– In case the expenses for making and extending temporary residence cards and visas for foreign employees paid by the Company on behalf of the employees are benefits enjoyed by the employees, these expenses shall be included in the taxable income from salaries and wages of foreign employees.
- In case the cost of visa for employees working at a Company in Vietnam to go on business trips abroad as required by the job is a business trip expense in accordance with the financial regulations or internal regulations of the Company and according to the provisions in Section d.4, Point d, Clause 2, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013 of the Ministry of Finance, it is not included in the taxable income of the employee. The business trip expense exceeding the prescribed level is included in the taxable income of the employee."
4. Hanoi Tax Department has Official Dispatch 47276/CTHN-TTHT guiding VAT and CIT policies for payment on behalf, accordingly:
“In case One Mount Group Joint Stock Company agrees with a member company to pay salaries and wages to employees, when collecting the payment from the member company, One Mount Group Joint Stock Company does not have to issue an invoice but only issues a collection document according to regulations.
In case the member company actually pays salaries and wages to employees (the agreement clearly states that One Mount Group Joint Stock Company pays on behalf of the employees and then One Mount Group Joint Stock Company collects the money from the member company), the above expenses are included in deductible expenses when calculating corporate income tax for the member company if they meet the conditions specified in Article 4 of Circular 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance."
5. The Ministry of Finance has Official Dispatch 12867/BTC-TCT on related party transactions, accordingly:
“Based on the above provisions, in case during the tax period, Fortress Vietnam Hardware Industry Joint Stock Company has an associated transaction from the acquisition of the capital contribution of Formosa Hardware Industry Joint Stock Company (Taiwan) at FT - Ostermann GmbH (Federal Republic of Germany) in accordance with the law on foreign investment, Fortress Vietnam Hardware Industry Joint Stock Company shall declare information on the associated relationship and associated transaction in accordance with the provisions of Decree No. 132/2020/ND-CP dated November 5, 2020 of the Government.”